Lesson Plans and Worksheets
Browse by Subject
- Supply and Demand
Supply and Demand Teacher Resources
Find Supply and Demand educational ideas and activities
Happy Meals® may have been popular because of the coveted prize that came with the fries. Mathematicians analyze a fictitious BurgerRama campaigning to sell cartoon-character dolls. They graph sales on a chart. In doing so, they examine linear equations for supply and demand. Links to three associated worksheets and a detailed lesson plan are embedded into this website.
Supply and demand can be a complicated concept for some students, and this resource makes the topic interesting and accessible. Economics classes may enjoy using case studies of Hula Hoops and Silly Bandz to learn about this concept. They first watch a clip about the Hula-Hoop demand in the 1950s-60s, and then discuss questions about supply and demand. Next, the class watches a clip about the makers of Silly Bandz and read relevant news stories. Applying what they learn from the Hula-Hoop segment, they answer questions about Silly Bandz' price point. All of the necessary links are included, as is a final assessment.
Kids consider the economic concepts of goods, services, supply, and demand by assessing the impact toy fads have on consumer behavior. They watch a clip from the film Hudsucker Proxy, discuss Hula-Hoops and Silly Bandz, then use those toy fads as case studies for equilibrium price, and supply and demand.
In this recognizing supply and demand instructional activity, learners read how business owners make decisions, identify vocabulary words supply, demand, profit, and expenses, and observe a table showing how price affects demand to answer questions. Students solve two consumer math problems.
Students define economic terms, list three conditions that must be present in order for demand to exist, define law of supply and demand, differentiate between buyer's and seller's markets, examine concept of elasticity, view tutorial on Virtual Economics, answer questions on consumer questionnaire, and compile results in spreadsheet format.
Investigate the wonders of supply and demand curves. Learners create and graph supply and demand curves, and as a class, discuss the properties of the curves. They investigate how price affects the quantity demanded and supplied and discuss what factors may cause changes in the demand and supply curves.
Fourth graders explore the concept of economic goods and bads, and scarce items as it relates to the factors that affect our economy. In this supply and demand lesson, 4th graders are introduced to vocabulary that pertains to supply and demand. Students then discuss the causes that make prices change and work in groups to answer specific questions on a worksheet.
Now that your scholars have some career aspirations, it's time to explore the demand for these professionals based on labor projections. They explore the Law of Supply and Demand in a guided discussion, outlined here. There are some great prompts that will lead pupils into understanding of these sometimes difficult economic concepts. How does this law impact their buying power? How can it impact their future career choices? The labor statistics links here are specifically for Florida, so consider researching resources for your own area.
Students explore economic concepts. In this supply and demand lesson, students learn about supply and demand through the exploration of the California Gold Rush. Students use online activities to transport back to the time of the gold rush and read factual examples of supply and demand at work. Students write a paragraph on a recent fad that resulted in a shortage of that item.